The difference between being able to wait and not being able to wait is the difference between hunters and prey, and also the way for traders to win in the game between traders and the market.
On the African grasslands, lions will guard a group of antelopes for a night. Lions will not attack rashly at night. Antelopes will also take turns to be on duty and observe the surrounding movements. What is the lion waiting for? In fact, it is waiting for the antelopes to have a bug. When the first rays of sunlight shine on the earth in the early morning, the antelopes that have slept all night will hold their urine all night. You know, antelopes cannot urinate while running, and antelopes with urine cannot run faster than lions that are ready to go, so lions will choose antelopes that have not urinated all night to attack in the early morning. Lions have also stayed up all night. They will not compete with the strongest antelopes for endurance, but will only take antelopes that have held urine all night as prey. The prey either runs to burst their bladders, or is killed by the lions, or is caught by the lions because they cannot exert their full strength due to the burden of the bladder. This story is the way for traders to win the game with the market. When trading, you must learn to wait. This is one of the important criteria for judging whether a trader is professional or the level of his professionalism.
Waiting for empty positions is the easiest, waiting for trapped orders is the hardest, and waiting for profits is very exhausting. When there are a lot of floating losses in the account, it is the hardest to execute the waiting plan. When you are trapped in a long position, you want to go long immediately when you see a callback the size of a rabbit's tail, for fear of wasting the opportunity to recover your capital, but you don't know that you will only get deeper and deeper into the trap. When there is enough profit in the account and waiting for the exit signal to appear is very exhausting. At this time, there is always a voice in your ear, saying that if you don't make a profit, it will float back, so you can't wait to sell the profit, and end up missing a large wave of market. When there is no order in the account, waiting is relatively easy to persist, and the trading plan is the easiest to execute. Therefore, in the design of the entire trading system, there must be enough empty position windows, and the outcome is determined at the moment you enter the market.
If you open a position halfway up the mountain, you will also sell it halfway up the mountain. Don't demand that you can get to the top of the mountain, as it will only add to your troubles. If you open a position at the foot of the mountain, you may very likely get to the top of the mountain. Don't miss this opportunity. If you exit hastily, the next entry will be at the mountainside, and the next entry will be at the top of the mountain. It's good enough if you can make a small profit from the orders at the mountainside, and it's good enough if you can break even at the top of the mountain. The orders at the foot of the mountain may not necessarily make a big profit this time, but at least you should hold on to as much profit as possible.
The position where you enter the market and open a position is closely connected with your trading mentality. This mentality determines the final result. I always hear people say that I can always make the right direction, but I don’t make much money, and I even lose money in the end. Look back at where you opened a position. The helplessness of trading lies in your own problems. You can’t find them yourself, and you won’t listen to others’ corrections. Trading is a process of seeking inward, and others can’t help you. The more free you are in trading, the more lonely you are. If you like this freedom, you will accept this loneliness, get used to loneliness, and finally like loneliness. From the beginning, you suffered from no one to communicate with, and later you suffered from someone to communicate with. Keep your trading heart, execute your own trading plan, instead of executing your own fleeting feelings. If you go long this time because you feel that the market is going to rise temporarily, then if you are wrong, you will cover your position against the trend to prove yourself, and then make mistakes again and again. If. Profits will encourage this practice, and even trading plans and skills. Don’t leave any chance for emotions to get out of control in trading. Trading is a very boring and monotonous task for experienced people. When trading, you need to know when the market is holding back its urine, and then you can attack. If you can't wait, you are racing against the market and being angry with yourself. You will attack and defend immediately, and you will either be exhausted by the market or be angry with yourself. So the difference between being able to wait and not being able to wait is the difference between hunter and prey. Do you want to be the prey or the hunter? #交易认知